EFFICIENCY ANALYSIS OF EU MEMBER STATES IN THE CONTEXT OF POPULATION AGING

• Authors: Soukupová Nikola , Kocourková Markéta , Klicnarová Jana
• Languages of publication: EN

Abstracts

EN

The population aging might threaten the economic development and efficiency of EU Member States. Based on the demographic projections, the EU’s old-age dependency ratio (as proxies of population aging) will be almost double – from 31% in 2019 to 57% in 2100. This study focuses on the efficiency analysis of European Union Member States in the context of population aging. Utilizing Data Envelopment Analysis (DEA) and the Malmquist Productivity Index, we evaluated how demographic changes affect the economic efficiency of various EU countries. Our findings reveal that some states, such as the Czech Republic, Germany, and Luxembourg, demonstrate high-efficiency levels when considering demographic factors. The results suggest that technological advancement and innovation are crucial in addressing the challenges associated with population aging.

Keywords

EN

EU; MEMBER STATES; POPULATION AGING; DATA ENVELOPMENT ANALYSIS; MALMQUIST INDEX

• Publisher: Institute of Slovak and World Economics and Institute for Forecasting, Slovak Academy of Sciences
• Journal: Ekonomický časopis (Journal of Economics)
• Year: 2023
• Volume: 71
• Issue: 10
• Pages: 646 – 666

Contributors

author

Soukupová Nikola

• University of South Bohemia in České Budějovice, Department of Management, Studentská 13, 370 05 České Budějovice, Czech Republic

• https://orcid.org/0000-0003-4279-936X

author

Kocourková Markéta

• https://orcid.org/0000-0003-4789-5131

author

Klicnarová Jana

• https://orcid.org/0000-0002-0341-2380

Identifiers

DOI

https://doi.org/10.31577/ekoncas.2023.10.04